Smart Metering Systems PLC SMS secures contract with Total Gas & Power (2998F)
19 Februar 2015 - 8:02AM
UK Regulatory
TIDMSMS
RNS Number : 2998F
Smart Metering Systems PLC
19 February 2015
Smart Metering Systems plc
("SMS" or "the Company")
SMS secures contract with Total Gas & Power Limited
The Board of Smart Metering Systems plc (AIM: SMS.L) is pleased
to announce that its Electricity division has signed an agreement
for the provision and ownership of electricity meters and data
management services with Total Gas & Power Limited ("TGP"), a
UK subsidiary of Total S.A. and an existing customer of SMS's Gas
division.
The contract with TGP relates to an initial order of
approximately 5,000 meters to be installed prior to April 2016,
which includes the provision of data services, and SMS believes
that there is capacity for this number to increase in due
course.
Alan Foy, Chief Executive Officer of SMS, commented:
"Following recent contract wins with Opus Energy and DONG, this
new agreement with TGP is further demonstration of the success of
our Electricity division and the positive impact of expanding our
service offering across the gas and electricity sectors to provide
a fully integrated service in these markets for our customers. This
contract will provide an increase in the recurring revenue of our
Electricity division, continuing the substantial growth as
announced in our trading update."
Karole Downton of Total Gas & Power Limited, commented:
"Total Gas & Power enjoys a strong relationship with SMS's
Gas division and the extension of this relationship to SMS's
Electricity Division was the logical next step. This will enable us
to offer the most advanced metering solutions to our gas and
electricity customers, and ultimately help them to most effectively
manage and reduce their energy costs."
For further information:
Smart Metering Systems
plc 0141 249 3850
Alan Foy, Chief Executive
Officer
Glen Murray, Finance
Director
Cenkos Securities plc 0131 220 6939 / 0207 397 8900
Neil McDonald
Nick Tulloch
Kreab Gavin Anderson 020 7074 1800
Chris Philipsborn
Natalie Biasin
Matthew Jervois
Notes to Editors
About Smart Metering Systems
Established in 1995, Smart Metering Systems plc, based in
Glasgow, is an integrated metering services company that connects,
owns, operates and maintains current generation and new advanced
metering assets and databases on behalf of major energy
companies.
Currently the Company is concentrating its efforts on offering
its unique integrated services to the UK industrial and commercial
gas market in which its customers have an 80% market share.
The Company has further applications for gas with its ADM(TM)
device which allows "smart" functions such as remote reading and
half-hourly consumption data to be offered to customers in addition
to the normal metering services.
SMS expanded its services into the electricity market through
the acquisition of Utility Partnership Limited in April 2014. The
Company can now provide a fully integrated service from beginning
to end to cover the installation of a gas/electricity
supply/connection to the procurement, installation and management
of a gas or electricity meter asset to the collection and
management of customer data and ongoing energy management services.
Longer term the Company also has additional applications for water
and LPG.
The Company was admitted to the AIM market in July 2011 and is
now part of the FTSE AIM 50 index. For more information on SMS
please visit the Company's website: www.sms-plc.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTUWAURVKAUAUR
Smart Metering Systems (LSE:SMS)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Smart Metering Systems (LSE:SMS)
Historical Stock Chart
Von Jul 2023 bis Jul 2024